Why did Black Hawk's operating profit decline in Q4 2024?

Black Hawk's operating profit declined in Q4 2024 due to a combination of factors:

1. **Regulatory Challenges**: The company's Exchange Act registration has been revoked, which could have impacted its ability to operate efficiently and contributed to the decline in operating profit.
2. **Investment in Autonomous Logistics**: The U.S. Army awarded a $15 million program to Near Earth Autonomy to develop an autonomous logistics solution using retrofitted UH-60L Black Hawk helicopters, in collaboration with Honeywell. This investment could have temporarily strained the company's financials, as such projects often require significant upfront investment before generating returns.

In conclusion, the decline in Black Hawk's operating profit in Q4 2024 is likely a result of a combination of regulatory challenges and investment in autonomous logistics.

|code|Ticker|Name|Date|Operating Income YoY|Operating Income|market_code|
|---|---|---|---|---|---|---|
|BKHA|BKHA.O|Black Hawk|2024 Q1||-30701|185|
|BKHA|BKHA.O|Black Hawk|2024 Q2||310936|185|
|BKHA|BKHA.O|Black Hawk|2024 Q3||883767|185|
|BKHA|BKHA.O|Black Hawk|2024 Q4||751701|185|